The online gambling domain offers various payment options. In this article you will learn everything you need to know about one of the most popular money transaction modes for online casinos: Wire Transfer.
Money transfer is the primary concern for almost all online casino players. Complicated methods of payment can often cause unnecessary confusion and additional hassles. In such a case, wire transfer is the best solution for you. It is a reliable and straightforward way of conducting transactions for online gambling. Concerning further guidance, our team has provided this comprehensive guide about bank wire transfers. With the help of this useful guide, you will be able to deposit or withdraw your winnings without any hassle.
🔥 Best Online Casinos updated: 04 Aug 2021 00:18:15
📍 About wire transfers
Wire transfer is one of the most widespread methods of payment at online casinos because of its simplicity. It doesn’t require any third party involvement or complicated program/device in the transaction process. Wire transfer only requires that you verify your bank account with the casino. Then payments will go directly into the casino’s bank account.
Make your online casino journey smoother and more enjoyable with Wire Transfers.
⚡ Pros and cons of using wire transfer at online casinos
As it is often said, ‘nothing is perfect’. The same rule applies to the method of wire transfer. There are specific advantages and disadvantages associated with wire transfers at online casinos. The pros of using wire transfer method for conducting transactions on online casinos include:
secure bank payment;
no separate account required for transacting;
a straightforward process of transferring money;
used by most of the top casino websites;
minimal transaction fees.
How do I find the best online casino that supports wire transfers?
Experts agree that every player should find a suitable bank transfer casino according to their preferences. Further to this, players should also look into various casino features like bonuses, offered games, etc.
The casino games you prefer to play should be available at the wire transfer casino you are opting for.
Despite being an easy and secure process, there are certain factors that hold back wire transfer from being the perfect transaction method for online casinos. Here are the reasons why players move towards other ways of deposit and withdrawal, as frequently highlighted by users:
can require additional time to transfer;
some banks may not support online casino transactions;
To deposit at an online casino via wire transfer, you must first obtain your bank account details. Next, visit the casino’s cashier and select ‘wire transfer’ under the deposit section. Finally, enter your account details and the deposit amount. The casino may have minimum deposit requirements; do read about requirements beforehand. You will also have to go through a security check administered by the bank. Once you have completed all of these steps, the bankroll will reflect in your casino account within a few days.
The amount available in your casino account that can be used for playing real money games.
Withdrawals through wire transfer at online casinos are just as simple as deposits. It is hassle-free here as well. You just need to follow these simple steps:
Visit the cashier of the casino.
Select the wire transfer method.
Enter and crosscheck your account details.
It will take some time for money to reflect in your bank account. You can check your casino’s FAQs to know about the exact processing time of wire transfer withdrawals.
Security should be every player’s primary concern when making a wire transfer deposit at an online casino. Hence, appropriate security measures must be taken by both the casino and the bank to protect the entire transaction.
💠 How to get a bonus for depositing via wire transfer?
It will take: 10 minutes
Some online casinos offer unique bonuses when you deposit your money using the wire transfer method. Follow these instructions to take advantage of this benefit:
The very first step is to select wire transfer as your deposit method under the cashier section of a casino.
The platform will provide you with a separate section to enter the promo code for the deposit bonus. Enter the code there.
Once your transaction is successful, the bonus will be automatically reflected in your online casino account. You need not make any other efforts.
Is wire transfer a safe method for online casino transactions?
Wire transfers are usually safer than other transaction methods available at online casinos. This is because no third parties are involved in deposits or withdrawals. The transaction takes place directly from bank to bank. Moreover, your bank may even inform you of any unauthorised actions taken on your account. Hence, making this method even more secure.
Do all banks allow wire transfers at online casinos?
Some banks don't allow casino transactions altogether. If your bank is one of these, you won't be able to use wire transfer for this purpose. Also, certain banks put a halt on your account when they notice online casino transactions on it. In this situation, you will have to contact your bank directly to undo the action.
Are there any additional charges associated with wire transfer?
Yes, almost every bank wire casino charges an additional fee when you opt for a wire transfer as your transaction method. Several factors, like the casino, related bank, and your location, affect these charges. You can check out the fee structure and details on the casino's website.
Is there any downside to using wire transfer?
Despite being simple and convenient, wire transfers at online casinos do have a downside to them. The only downside to wire transfers is the delay in transaction time. Neither the deposits nor the withdrawals are quick with this method. You need to wait at least for a day or two before the amount gets transferred from your bank account to your casino account and vice versa.
What are the alternatives to wire transfer?
If you don't want to wait for extended periods for deposits or withdrawals, you can select other transaction methods. Other safe methods usually include debit cards, credit cards, PayPal, Neteller, and Skrill. You can check your casino's cashier to learn more about their offered methods for conducting transactions.